British wholesale gas prices fell early on Thursday, pressured by decreasing demand and expectations that mild weather will continue.

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Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. ›

European spot electricity contracts for day-ahead delivery climbed in wholesale trade on Wednesday, helped by a continued fall in German wind power generation while low temperatures strengthened demand.

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Prompt British wholesale gas prices dropped on Wednesday morning as rising temperatures were expected to reduce gas demand.

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Oil prices dropped on Wednesday as the International Energy Agency’s (IEA) forecast of a market surplus in the first half of this year was enough to cancel out concerns about military disruptions that have slashed Libya’s crude output.

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European spot electricity contracts for day-ahead delivery rose in wholesale trade on Tuesday, helped by a sharp fall in German wind power generation and firm demand due to cold weather.

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Prompt British wholesale gas prices were mixed on Tuesday as lower imports from Norway left the market undersupplied but warmer temperatures were forecast for later in the week.

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Oil prices fell nearly 1% on Tuesday as investors expected Libya’s oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.

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British wholesale gas prices fell on Monday morning as an increase in liquefied natural gas send-out helped to create oversupply.

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Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.

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